EDC Sells Headquarters for $32.2 Million to Eliminate Debt
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Educational Development Corporation (EDC) has sold its headquarters and distribution warehouse in Tulsa, Oklahoma, to 10Mark 10K Industrial, LLC for $32.2 million. The sale proceeds were used to fully repay outstanding bank debt, and EDC has entered into a triple-net lease to continue occupying part of the property. Additionally, EDC retained a 17-acre adjacent land parcel valued at $2 million.
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